Impact of BRICS on the Global Economy

Which of the following countries is NOT a member of BRICS?

• Brazil

• India

• Japan

• Russia

When did South Africa join the BRICS group?

• 2005

• 2006

• 2010

• 2012

How is BRICS reducing its dependence on the US Dollar?

• Switching to the Chinese Yuan as the common currency

• Promoting trade using the local currencies of member countries

• Developing a new financial system with IMF participation

• Implementing blockchain technology for all trade transactions

Which BRICS country has the largest economy by GDP?

• India

• China

• Brazil

• Russia

Why was BRICS formed?

• To compete with NATO in military affairs

• To promote economic cooperation and development among emerging economies

• To establish a single global currency

• To create a common political union

What is the main purpose of the New Development Bank (NDB) established by BRICS?

• To promote military cooperation among BRICS members

• To provide financial support for infrastructure and sustainable development projects in emerging economies

• To establish a common currency for BRICS countries

• To control global oil prices